- Interest paid on Ezy Action Account
- Fees & Charges
- Electronic withdrawals from your account made "in-store"
- "Other" electronic withdrawals from your account
- Customers receiving selected Government Payments
- Rural customers holding a Healthcare, Concession or Veterans' Affairs card
- Access fees for using non-Commonwealth Bank ATMs in Australia, ASB Bank in New Zealand and PT Bank Commonwealth in Indonesia
- Fee-free withdrawals
- Overdrawn accounts
- Common Banking Services
- International and foreign currency services
- Government charges
Knowing your entitlements and the fees and charges that apply may help you to avoid unnecessary fees. It's important to manage your funds and ensure you have enough money in your account each month to pay direct debits and not to overdraw your account.
Interest paid on Ezy Action Account
Your Ezy Action Account earns you interest, too. If you keep more than $10,000 in your account, the interest rates are comparable with some cash management accounts, so you don't need a separate savings account. Interest is calculated on the daily credit balance and paid monthly on the first business day.
| Balance Amount | Rate p.a. |
|---|---|
| $1 to $4,999 | 0.01% |
| $5,000 to $9,999 | 0.01% |
| $10,000 to $19,999 | 0.50% |
| $20,000 to $49,999 | 3.00% |
| $50,000 to $99,999 | 3.25% |
| $100,000 to $249,999 | 4.50% |
| $250,000 and over | 5.00% |
Fees & Charges
Electronic withdrawals from your account made "in-store"
No Charge
An "in-store" electronic withdrawal is a cash withdrawal or purchase made via EFTPOS at any Woolworths or Safeway Supermarket, CALTEX WOOLWORTHS or CALTEX SAFEWAY co-branded outlet, BIG W, Woolworths Liquor, Safeway Liquor, Dan Murphy's, First Estate, Food for Less, Tandy, Dick Smith Electronics, PowerHouse, participating BWS stores, Dick Smith Electronics stockists and franchises and Tandy dealer stores. A cash withdrawal made in conjunction with a purchase is treated as one withdrawal.
"Other" electronic withdrawals from your account
$0.50 each
"Other" electronic withdrawals include:
- Cash withdrawal or purchase made via EFTPOS other than "in-store" electronic withdrawals
- Cash withdrawal made at a Commonwealth Bank Automatic Teller Machine (ATM)
- Cash withdrawal made via POSCASH
- Transfers made at a Commonwealth Bank ATM
- Transfers or bill payments (including BPAY®) made through telephone or Internet banking
- Direct entry debit
Customers receiving selected Government Payments
5 free "other" electronic withdrawals per month, (additional electronic withdrawals will be charged at $0.50 each).
Customers in receipt of one or more of the following Australian government payments will receive up to 5 fee-free "other" electronic withdrawals per month. This is only available on the account to which the payment is directly credited and applies to withdrawals made in the month that the payment is received.
Accepted Australian government payments include some categories of: Veterans' Affairs; Age Pension, including Wifes, Widows and Mature Age Payments; Newstart Allowance including Mature Age and Partner Allowance; Special Newstart Allowance/Benefit; Sickness Allowance including Special and Partner Allowances; Carer Allowance/Pension; Disability Support; Wifes Pension Disabled; Mobility Allowance; Sole Parent Pension, Parenting Payment, Youth Allowance; Farm Family Restart and Drought Relief.
Rural customers holding a Healthcare, Concession or Veterans' Affairs card
3 free "over-the-counter" withdrawals per month, (additional withdrawals will be charged at $3.00 each.)
If you live in a rural locality and hold a Healthcare, Concession or Veterans' Affairs card, the first 3 "over-the-counter" withdrawals or transfers from your account each month via a teller at a designated rural branch where you opened your account are free, then each "over-the-counter" withdrawal is charged:
- Designated rural branches are selected Commonwealth Bank branches in "rural" localities more than 5km from a Woolworths, Safeway or BIG W store
- Eligible customers must produce their Healthcare, Concession or Veterans' Affairs card at a designated rural branch to open a Woolworths Ezy Action Account that offers 3 fee free "over-the-counter" withdrawals
Access fees for using non-Commonwealth Bank ATMs in Australia, ASB Bank in New Zealand and PT Bank Commonwealth in Indonesia
$2.00 each
Access fees apply to all transactions including balance enquiries and cash withdrawals made using the Automatic Teller Machines (ATMs) and electronic terminals of other financial institutions.
Access fees are debited to your account at the time of the transaction. No fee is charged for any transaction that fails, either as a result of customer or network error.
Fee-free withdrawals
No Charge
The following withdrawals do not attract withdrawal fees and are not counted as "other" electronic withdrawals:
- Direct entry debits to repay Commonwealth Bank Home and Personal Loans or CBFC Limited or Commonwealth Development Bank direct entry loan repayments
- Direct entry debits for Commonwealth Bank Mortgage Fund and Commonwealth Life Limited
- Debits for Bank and Government charges
Overdrawn Accounts
| Peak debt | Fee |
|---|---|
| Less than $100 | Nil |
| $100 to less than $500 | $9.00 |
| $500 to less than $1,000 | $15.00 |
| $1,000 to less than $5,000 | $25.00 |
| $5,000 to less than $10,000 | $35.00 |
| $10,000 to less than $20,000 | $45.00 |
| $20,000 to less than $50,000 | $55.00 |
| $50,000 and over | $70.00 |
An overdrawn account fee will apply where the account is overdrawn. The overdrawn account fee is calculated and charged on the peak debit balance each quarter in March, June, September and December according to the above scale.
Debit interest will also apply when the account is overdrawn. Debit interest is calculated daily on the total debit balance and charged to the account on the first business day of each month. The interest rate on debit balances is currently 16.50% pa (effective 21 April 2008).
Common Banking Services
Cheques
| Item | Fee |
|---|---|
| If the account has a cheque book, all cheques written by you are charged | $0.50 each |
| Cashed cheques: cheques drawn on other banks where telephone reference to the paying bank is required | $6.00 plus cost of phone call |
| Stopped cheques: when you ask the Bank to stop payment on a cheque you have written | $15.00 |
Bank Cheques
| Item | Fee |
|---|---|
| Cheque issued on behalf of customer | $5.40 |
| Repurchase cheque on behalf of customer | $10.00 |
| Issue of duplicate cheque on behalf of customer | $25.00 |
Cheques issued in Norfolk Island and South Australia also attract Government stamp duty
Certificates supplied by the Bank
$15.00
Letter of identification to Statutory/Government bodies; certificate of balance/interest received.
Courier costs
Actual courier costs
If you request the Bank to courier documents to an address you nominate.
Dishonoured Cheques and Debits (under Periodical Debit System and Direct Entry System)
| Item | Fee |
|---|---|
| Items drawn on your account and dishonoured | $35.00 |
| Notification by telephone | $4.00 per telephone call |
| Notification to a third party | $10.00 (in addition to normal dishonour charge) |
Facsimile Transmission of Documents
$4.00 plus $1 per page
Requests for transmission of documents.
Periodical payments or transfers
$1.80 plus transfer fee
Per payment or transfer.
Photocopies
$2.50 per page
Statements of Account
| Item | Fee |
|---|---|
| Issue of photocopy/microfiche copy | $7.00 each |
| Electronic issue of recent statement/transaction list (not via an ATM) | $2.50 each |
Transfers/Deposits to accounts at other banks
| Item | Fee |
|---|---|
| Where customer is remitting | $3.50 |
| Direct remittance | $20.00 |
Recent Transactions List
$0.50 each
Obtaining a Recent Transactions List through a Commonwealth Bank ATM
Vouchers
| Item | Fee |
|---|---|
| Production, return or inspection of paid cheques and deposit slips/duplicate butts special request Numerous vouchers involving search by Bank staff |
$4.00 per item (minimum $12) $60.00 per hour of time spent searching |
| Vouchers held for customer's inspection and retained by the Bank | $1.00 per voucher |
| Vouchers returned to customer | $1.50 per item (minimum $20 per month) |
International and foreign currency services
Transactions conducted overseas using the Maestro or Cirrus networks
| Item | Fee |
|---|---|
|
Maestro - EFTPOS purchase CIRRUS - ATM balance enquiry CIRRUS - ATM cash withdrawal |
$1.00 each plus 2.00% of the transaction value^ $2.00 each $5.00 each plus 2.00% of the transaction value^ The fee is charged to the account at the time of the withdrawal or enquiry. |
^ Includes fees imposed on us by MasterCard - 1.00% of the transaction value.
Bills for collection
| Item | Fee |
|---|---|
| Collection of cheques, drafts, etc, payable overseas. All currencies - all amounts | $40.00 per item plus overseas banks' costs |
| Collections dishonoured by overseas banks | $35.00 per item plus overseas banks' costs |
Bills negotiated
| Item | Fee |
|---|---|
| Foreign currency Travellers' cheques# other than those issued by the Commonwealth Bank | $7.00 per negotiation docket |
| Other foreign currency items*# (cheques, drafts, etc) payable overseas for immediate credit of funds | $7.00 per negotiation docket |
| Foreign currency pension cheques | $7.00 per negotiation docket |
| Australian dollar items (cheques, drafts, etc) payable overseas for immediate credit of funds | $40.00 per item plus interest from the date of negotiation to the date of receipt of proceeds, at the relevant Commonwealth Bank overseas interest rate. |
| Negotiations dishonoured by overseas bank## | $35.00 per item plus overseas banks' costs |
| Drafts | $15.00 per draft |
Government Charges
Norfolk Island Financial Institutions Levy
Financial Institutions Levy is levied on money received by the Bank (including deposits) in Norfolk Island. There is no maximum levy per receipt. The Bank passes on to you the levy on money it receives from you. A flat rate of 1.00% applies to all liable transactions.
Stamp Duty
Stamp Duty is payable on cheques issued in Norfolk Island.
* Any overseas bank charges or interest in excess of $5.00 where payment has been received outside the transit time allowed for in the on demand rate of exchange will be charged to the customer.
# Items drawn by the same party on the same drawee bank may be bulked and charged as one item.
## In the event of dishonour of foreign currency items, the selling rate applicable on the day of advice/receipt of dishonour will apply.
As the advice on this website has been prepared without considering your objectives, financial situation and needs, you should, before acting on the advice, consider its appropriateness to your circumstances. Woolworths Ezy Action Account is issued by the Commonwealth Bank of Australia, view our Financial Services Guide. View the Terms and Conditions for this product and consider it before making any decision about this product.